Intel, SoftBank
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Intel is getting a $2 billion investment in common stock from SoftBank, which is betting big on the AI revolution.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.
The U.S. chipmaker has struggled to keep pace in the AI market alongside competitors like Nvidia. Softbank has agreed to buy Intel common stock at $23 per share.
Intel Corporation sees a steep rally; speculation over U.S. stake and SoftBank investment fuels optimism, but can it overcome challenges? Click for our INTC update.
Intel is getting a $2 billion lifeline from Japan's SoftBank, the companies announced Monday after signing a definitive securities purchase agreement.
The move could signal SoftBank’s chip ambitions, as the company may be gearing up to build Arm CPU tiles, AI XPUs, and Ampere chips tied to the Stargate Project.
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